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he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read president clinton reiterated today just makes sense if it's cheaper to do business here in the united states, then jobs will be created here. if it's cheaper to keep that cash and to create jobs abroad, that's what businesses will do because it makes economic sense. but again i think the last thing i would think you would want to do when the recovery is is so anemic and when the private sector is sort of sitting on the side lines because they don't know what the costs of doing business are going to be, tax rates, regulatory policy, that i think we need
he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read...
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Jul 29, 2011
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(toucan squawks) (lively drum intro) ♪ you never do know what's around the bend ♪ ♪ big adventure or a brand-new frien♪ ♪ when you're curious like curious george ♪ ♪ swing! ♪ ♪ well, every day ♪ every day ♪ ♪ is so glorious ♪ glorious ♪ george! ♪ and everything ♪ everything ♪ ♪ is so wondrous ♪ wondrous ♪ ♪ there's more to explore when you open the door ♪ ♪ and meet friends like this, you just can't miss ♪ ♪ i know you're curious ♪ curious ♪ ♪ and that's marvelous ♪ marvelous ♪ ♪ and that's your reward ♪ you'll never be bored ♪ if you ask yourself, "what is this?" ♪ ♪ like curious... ♪ like curious... curious george. ♪ oh... captioning sponsored by nbc/universal narrator: george was excited, because he was going to see his very first baseball game: marco's team, the cubbie bears, versus the tiger babies.
(toucan squawks) (lively drum intro) ♪ you never do know what's around the bend ♪ ♪ big adventure or a brand-new frien♪ ♪ when you're curious like curious george ♪ ♪ swing! ♪ ♪ well, every day ♪ every day ♪ ♪ is so glorious ♪ glorious ♪ george! ♪ and everything ♪ everything ♪ ♪ is so wondrous ♪ wondrous ♪ ♪ there's more to explore when you open the door ♪ ♪ and meet friends like this, you just can't miss ♪ ♪ i know you're curious ♪ curious ♪...
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Jul 12, 2011
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both spain and italy are countries that are too big to fail and they are too big to bail. there simply is not enough money in the system to save these countries. we need to solve these problems before they are in this situation that greece is in today. >> still to come, powering the future -- a rare-earth elements -- the rare-earth elements are crucial. america is picking production into high gear -- kicking production into high gear. in moscow, celebrations were under way for the anniversary of the cathedral, which is now being restored to its former glory. but it is being described as russian orthodox meats -- >> it is being described as russian orthodox meets disneyland. bizarre ordered the eyes of the architects to be gouged -- the czar ordered the eyes of the architects to be gouged out so they would not be able to build anything more beautiful. >> it is six times older than the statue of liberty. it is even more important for russians and these objects for the americans -- than these objects for the americans. >> in 1812, napoleon tried to blow it up. luckily, torren
both spain and italy are countries that are too big to fail and they are too big to bail. there simply is not enough money in the system to save these countries. we need to solve these problems before they are in this situation that greece is in today. >> still to come, powering the future -- a rare-earth elements -- the rare-earth elements are crucial. america is picking production into high gear -- kicking production into high gear. in moscow, celebrations were under way for the...
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Jul 7, 2011
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. >> charl: linney is currently the star on the show time series the big c. here's a look at that series. >> the doctor. oh, pardon me, sir. dr. sherman, hi. my name's kathy. >> i'm the nurse. >> you're not a drug rap, are you? >> no, no, i'm not. i'm a dying woman who is trying to see the right doctor and ask him if he s any advice on how to save my life. the best i can do is spend the last two hours a day on hold from your office to find out if anyone's canceled. that's not okay. >> i'm going to asyou to leave. >> i will not leave. >> charlie: the big c is currently airing on show time mondays at 10:30 p.m. i'm pleased to have laura lean -- laura linney back at this table. >> thank you, charlie. >> charlie: when you look at that, what do you think? >> it's a weird, you know sort of tapestry of what you feel and i always feel slightly embarrassed when i look at myself. >> charlie: really? you don't look at this clinically and say i can't wait to have somebody watch it. >> i also good off camera. i give performances off camera to people who would never -- i m
. >> charl: linney is currently the star on the show time series the big c. here's a look at that series. >> the doctor. oh, pardon me, sir. dr. sherman, hi. my name's kathy. >> i'm the nurse. >> you're not a drug rap, are you? >> no, no, i'm not. i'm a dying woman who is trying to see the right doctor and ask him if he s any advice on how to save my life. the best i can do is spend the last two hours a day on hold from your office to find out if anyone's canceled....
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Jul 1, 2011
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. >> to which one answer might be "so why is it so big?" i mean, it is a vast territorial power which has, of course, significant ethnic minorities. they have large territories. >> rose: so you're suggesting that there is a history of chinese imperialism and any other historian who suggests that... >> no, no. i think that henry kissinger is clearly right. that it is not an eansionist power inhe sense thatfor exame, russia was. expanding constantly but i think... >> rose: and certain after the war. >> but i think that what you see already is a chinese strategic doctrine and kissinger, i think, would not dispute this which stakes an ambitious claim to a spheref influence as we rightly said and that would provoke conflict so i i think we're entering very very difficult times >> rose: well, your oxford colleague neil ferguson suggests that nationalistic forces will overwhelm and that there will be a conflict between... in some way between the united states and china. >> well any historian who has looked at the history of the rise and fall of gr
. >> to which one answer might be "so why is it so big?" i mean, it is a vast territorial power which has, of course, significant ethnic minorities. they have large territories. >> rose: so you're suggesting that there is a history of chinese imperialism and any other historian who suggests that... >> no, no. i think that henry kissinger is clearly right. that it is not an eansionist power inhe sense thatfor exame, russia was. expanding constantly but i think......
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Jul 22, 2011
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the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine "slate." welcome to you. >> thank you. >> brown: now part of this is, of course, about larger trends of the internet's impact on the book business. but borders also made its own mistakes, i guess, along the way. >> absolutely. >> brown: what happened? >> it's not an easy climate for any retail business or for anybody selling books, obviously. but borders made some strategic mistakes. first and foremost they had a very, very tennuous relationship with the internet. they actually outsourced the sale of a lot of their books on-line from 2001 to 2008 to amazon. and on t
the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine...
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Jul 5, 2011
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that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds of exceptions that allow teams to go past the cap limit on payrolls and a hard cap which would be an all-time first for the nba, something that players have been fighting against for decades really, ever since the sort cap system went into place. there's the structural. the other side is just the straight financial division of the revenues which are near $4 billion. currently the players make about 57%. the owners are saying they want to ratchet it down to more of a 50-50 split. even within that it's a redefined revenueç kol that they want to split 50-50. wha
that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds...
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Jul 28, 2011
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors....
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Jul 21, 2011
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the reduction in debt that private debt holders are expected to take is not that big. it is a reduction of 20% in the net present value. unless the official debt is good to come in with gigantic amounts of money -- greece is going to still have a giant debt burden. it is difficult because the greek growth rate is not high and the government has trouble collecting taxes. unless greece suddenly becomes much more productive and competitive, it is likely they will have to come back and do another debt reduction further down . >> is this bailout ultimately political by leaders who want to save the eurozone, red and economic? >> when it comes to saving the eurozone, the two are intertwined. you could be more cynical and say it is to do with saving their own banks. it is the german and french banks which are right up to their necks in greek that. i think there is certainly a case now that this is a eurozone-wide problem, and has the potential to become a global problem. it concerns all the economies in the eurozone. if there is existential doubt about the currency itself, eve
the reduction in debt that private debt holders are expected to take is not that big. it is a reduction of 20% in the net present value. unless the official debt is good to come in with gigantic amounts of money -- greece is going to still have a giant debt burden. it is difficult because the greek growth rate is not high and the government has trouble collecting taxes. unless greece suddenly becomes much more productive and competitive, it is likely they will have to come back and do another...
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Jul 28, 2011
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i mean, you could -- i could fit my hand inside her dimples, that's how big her dimples are. she's just so beautiful. so i'm just happy -- i'm happy with life, because everything is going perfect for me right now. and, you know, when you feel something going perfect, you tend to think, ok, well, what's going to go wrong? you know, something is bounds to happen. but i don't have any thoughts of something happening, because i'm staying focused and clear about what i want in life, and i'm going to get it, man. tavis: what's about to happen is this masterpiece is about to drop in june. tell me about -- what's it like going back into the studio? you've been singing here and there. but what's it like going back into the studio to do a record of original music, when you ain't done it in 15 years? >> well, i can't sit here and say that it's the easiest thing in the world. but i can say that for the last past 10 years i've been in and out of the studio, you know, messing around in studio, you know, for four years of that i was still high. so some of the songs, you know, you get some h
i mean, you could -- i could fit my hand inside her dimples, that's how big her dimples are. she's just so beautiful. so i'm just happy -- i'm happy with life, because everything is going perfect for me right now. and, you know, when you feel something going perfect, you tend to think, ok, well, what's going to go wrong? you know, something is bounds to happen. but i don't have any thoughts of something happening, because i'm staying focused and clear about what i want in life, and i'm going to...
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Jul 30, 2011
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i'll give you the big thing. this evening by a vote of 218-210 the house of representatives approve a republican plan and that would raise the debt limit by $900 billion initially then another $1.6 trillion sometime in early 2011, but it is all linked to a balanced budget amendment which, of course, the senate says is doa on arrival. and, in fact, they voted and basically said it's doa and on arrival. in the senate a democrat plan will be voted on tomorrow and the republicans in a sense are saying they will vote tomorrow to say it's dead before it even gets here. you can see these adults are really getting along with each other. but the reality of the situation is we are no closer to a deal. in fact, arguably, we're farther from a deal. for the last six days, the stock market has gone down 500, 600 points, and monday if there's not a deal, we might see the market go into some sort of a panic. that's a real possibility because the bad news would flow from that would just be incredible. now, the big problem is that
i'll give you the big thing. this evening by a vote of 218-210 the house of representatives approve a republican plan and that would raise the debt limit by $900 billion initially then another $1.6 trillion sometime in early 2011, but it is all linked to a balanced budget amendment which, of course, the senate says is doa on arrival. and, in fact, they voted and basically said it's doa and on arrival. in the senate a democrat plan will be voted on tomorrow and the republicans in a sense are...
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Jul 21, 2011
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. >> it is not as big as a risk associated with drinking alcohol or being overweight which are things you can do something about. >> of this study adds to their understanding. >> now to the phone hacking scandal which rocked the british establishment have led to an fbi investigation. senior former employees have accused james murdock of being mistaken in one of his answers to the select committee of parliament earlier this week. rupert murdoch got a boost when a saudi prince that was the largest share of the company outside of the murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more independent directors are thinking about ways in which rupert murdoch could give up his title of ceo at the company. this is a board that he controls pretty firmly. >> who is on th
. >> it is not as big as a risk associated with drinking alcohol or being overweight which are things you can do something about. >> of this study adds to their understanding. >> now to the phone hacking scandal which rocked the british establishment have led to an fbi investigation. senior former employees have accused james murdock of being mistaken in one of his answers to the select committee of parliament earlier this week. rupert murdoch got a boost when a saudi prince...
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Jul 11, 2011
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could the charity provided by one party give it a big advantage when it comes to election time? thousands of mourners have flocked to the eastern bosnian town to mark the 16th anniversary of the massacre were 8000 bosnian men and boys were killed. them 16 years on, the pain is just as raw. a mother overwhelmed by anguished at finding the remains of her son. it we will pelvic bones and the fragments of his lower jaw that -- was all that could be recovered. at 29 years old, he was one of those killed back in 1995. today, just another green the coffin lowered into the ground. over 600 were buried on this anniversary, identified through dna analysis. statistics perhaps, but for those grieving, sons, fathers, husbands. it was the worst atrocity in europe since the second world war. thousands of bosnian muslims had grounded into the united nations safe haven as the war raged on, but the dutch troops were easily overrun. the men and boys were led off to be slaughtered. around 8000 of them within the space of five days. it is the only part of the balkan wars to be labeled genocide. the
could the charity provided by one party give it a big advantage when it comes to election time? thousands of mourners have flocked to the eastern bosnian town to mark the 16th anniversary of the massacre were 8000 bosnian men and boys were killed. them 16 years on, the pain is just as raw. a mother overwhelmed by anguished at finding the remains of her son. it we will pelvic bones and the fragments of his lower jaw that -- was all that could be recovered. at 29 years old, he was one of those...
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Jul 12, 2011
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>> italy and spain are the big ones. it is impossible for the rest of the euro zone. it is too big. you would have to end up with the european central bank owning an enormous chunk. it becomes really serious. that looks like possibilities. the euro zone is running a out of countries to finance. >> turning to this country, here in the states, congress has its own budget crisis. if it does, what impact is the point to have on world markets? it is ironic that the u.s. is the most creditworthy countries in the world. that is almost voluntarily, the cutting default when it does the have to. if it did, that would create chaos throughout the global financial system. >> thank you very much for joining us. you are watching "bbc world news america." rare world elements are rare. u.s. is seeking a production into high gear. in moscow today, the celebrations were under way for the anniversary of the cathedral. on the edge of rex -- that of red square, it has then restored to its glory. >> the unique, st. basil's cathedral. bill during the era of ivan the terrible. when it was finished, he order
>> italy and spain are the big ones. it is impossible for the rest of the euro zone. it is too big. you would have to end up with the european central bank owning an enormous chunk. it becomes really serious. that looks like possibilities. the euro zone is running a out of countries to finance. >> turning to this country, here in the states, congress has its own budget crisis. if it does, what impact is the point to have on world markets? it is ironic that the u.s. is the most...
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Jul 23, 2011
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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Jul 22, 2011
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a few arrest in the last few years, but no incidents of any sort that could be a lead up to such a big attack as we have seen today. there is one man arrested and the police cannot say just yet if there are other people involved, but it is difficult to see how one man on the good cause so much devastation. >> the attacks were definitely targeted against political power in norway. any idea as to why? >> not for the moment. this is obviously a norwegian man. previous speculation were more surrounding that norway is involved in afghanistan and libya at the moment, but we do not know whether this has anything to do with these incidents today. this was the labor party youth camp that is held on the island every year. the prime minister is the head of the labor party here in norway. it seemed very targeted toward the government and toward maybe the party -- that party especially, without knowing exactly why that party has been targeted. >> thank you. and for more on who may have been behind this -- these attacks, you can -- let's go to frank gardner in london. what is your analysis based on
a few arrest in the last few years, but no incidents of any sort that could be a lead up to such a big attack as we have seen today. there is one man arrested and the police cannot say just yet if there are other people involved, but it is difficult to see how one man on the good cause so much devastation. >> the attacks were definitely targeted against political power in norway. any idea as to why? >> not for the moment. this is obviously a norwegian man. previous speculation were...
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Jul 23, 2011
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was there any way to avoid such a big chunk of people going? >> well, we have undertaken mandatory furloughs. as i said, we have 18% vacancy in staff by attrition. we have done court closure days. we've done pretty much everything that one can do short of layoff. probably the error that we made was we decided to spend our reserves rather than lay off people last year. and hindsight is 20/20. the people could have been laid off last year and maybe we would have been in somewhat better shape, but fortunately our folks were employed another year and access to justice was guaranteed for another year. >> belva: today the judicial council that's supposed to look out for these kinds of problems met. you were there. what did you tell them? >> i told them three things. i told them that personally i was disappointed that their mission and the mission that they reiterate to anyone and everyone is that they will provide support and service to the trial courts had not been fulfilled. i told them that i thought it was imperative that they look at the two big
was there any way to avoid such a big chunk of people going? >> well, we have undertaken mandatory furloughs. as i said, we have 18% vacancy in staff by attrition. we have done court closure days. we've done pretty much everything that one can do short of layoff. probably the error that we made was we decided to spend our reserves rather than lay off people last year. and hindsight is 20/20. the people could have been laid off last year and maybe we would have been in somewhat better...
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Jul 15, 2011
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. >> he is a big -- severely malnourished. >> with the right supplement, he and so many others can survive. >> we are saving children's lives with the generosity of the british public. but we can also help these communities rebuild their lives, restock their animals. and when they finally rains, harvest the water. that is equally important. >> help came too late for this baby, buried at just 20 days old. the sharp twist around his grave stop hyenas from digging up his body. -- the sharp twigs and around his grave stop hyenas from the king of his body. -- from digging up his body. >> now a woman who has spent her career stumping us all. you probably do not know laura jacobson's name, but chances are you have picked up one of proposals. decided it is time to put your dictionary on the shelf. she talks about what it takes to make a career in crossword. >> i got it, ok. my name is laura jacobson and i am a chris of herbalist -- cruciverbalist, which means, someone who makes of crossword puzzles. cruci coming from crossword and verbal is coming from word. -- a verbalist coming from word. margar
. >> he is a big -- severely malnourished. >> with the right supplement, he and so many others can survive. >> we are saving children's lives with the generosity of the british public. but we can also help these communities rebuild their lives, restock their animals. and when they finally rains, harvest the water. that is equally important. >> help came too late for this baby, buried at just 20 days old. the sharp twist around his grave stop hyenas from digging up his...
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Jul 21, 2011
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sugiri. >> we have already changed from big family to small family. in 1970s, our fertility rate was 5.6 children per woman. now it is 2.6 per woman. it's very good in terms of decreasing fertility. but it is not enough. fertility should be 2.1. >> reporter: 2.1, that's replacement rate, is that right? >> yes, that's right. >> reporter: even after that success, the population isn't expected to level off until it reaches some 350 million. and there's one other big question about how much of a role gandarusa will play in lowering that fertility rate: whether or not it gets the approval of islamic religious leaders. some fundamentalist groups are opposed to any form of birth control. but dr. sugiri says, most mainstream imams approve of family planning methods if they are not permanent and do not harm the body. he is optimistic gandarusa will be available in indonesian stores as early as next year. he's less confident the drug will be sold in the united states any time soon, since strict food and drug regulations would require years of additional testing
sugiri. >> we have already changed from big family to small family. in 1970s, our fertility rate was 5.6 children per woman. now it is 2.6 per woman. it's very good in terms of decreasing fertility. but it is not enough. fertility should be 2.1. >> reporter: 2.1, that's replacement rate, is that right? >> yes, that's right. >> reporter: even after that success, the population isn't expected to level off until it reaches some 350 million. and there's one other big...
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Jul 26, 2011
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. >> a big difference in appearance. also, if we just swirl the wind around in the glass, we can seem that the chateaux du camp clings. this is more gooseberries. it is generally lighter. >> you can tell that is more expensive? >> it is all about concentration. >> but would you buy such an expensive bottle? >> no. no, certainly not. >> not to drink. no way. >> the thank you very much, indeed. >> the new owner says he broke open a bottle to celebrate the anniversary. at around 10,000 pounds per glass, let's hope it does not disappoint. bbc news in central london. >> i am hoping it is still cocktail hour. maybe it is happy hour. in any event, it brings us to the end of today's broadcast, but remember, you can always get constant updates on our website, and check out our facebook page at facebook.com/bbcworldnews. for all of us, thank you for watching. we will see you back here tomorrow. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, a
. >> a big difference in appearance. also, if we just swirl the wind around in the glass, we can seem that the chateaux du camp clings. this is more gooseberries. it is generally lighter. >> you can tell that is more expensive? >> it is all about concentration. >> but would you buy such an expensive bottle? >> no. no, certainly not. >> not to drink. no way. >> the thank you very much, indeed. >> the new owner says he broke open a bottle to...
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Jul 29, 2011
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. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the g
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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a sharp fall in the value across europe, another recession in europe, and a big drop in the value of government debt. the test did not consider the impact of a sovereign default. investors widely expect greece to default on its debt at some point in the future. against those scenarios, the banks have to show how much money or spare capital they have to withstand any losses. >> they still do not fully reflect what the market is saying today about the worst case for greek debt and possibly italian debt. they are better and tougher. the question is whether they are tough enough. >> eight banks have failed the test. five are from spain, two are from greece. there's also an austrian bank. they will be working with the government over the weekend on plans to strengthen their balance sheets. all four u.k. banks were given a clean bill of health. investors will be going over the details released today to run their own stress tests. they will give their verdict on monday morning when european markets open for business. >> europe is hardly alone in trying to get their financial house in order.
a sharp fall in the value across europe, another recession in europe, and a big drop in the value of government debt. the test did not consider the impact of a sovereign default. investors widely expect greece to default on its debt at some point in the future. against those scenarios, the banks have to show how much money or spare capital they have to withstand any losses. >> they still do not fully reflect what the market is saying today about the worst case for greek debt and possibly...
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. >> yes, very big debate. >> rose: and tt debate is? >> tha debate is, ones that whether you can go create an islamic state through the current political democratic way, or that democracy is the enemy of islam, it's not an islamic way so you have to topple it through, you know, an undemocratic way. i think there is a dete on that. and then the second underlying debate is if we are in power, should we still be democracy. so more directly into what they callslamic wing. >> rose: and what wod be the role model for that? >> well, this is the problem. because they don't have what we call the practical example in reality. t they wou have like the way when prophet mohammed rule or -- 1400 years ago. >> re: do most people in indonesia consid iran a success? >> only minorities. turkey is much more a mod. >> rose: and turkey is what indonesia would le to be? >> some indonesia is, the justice party look at turkey as a model. but some of the people saying that turkey is not a finished model. it's going to the right model. >> rose: there are people
. >> yes, very big debate. >> rose: and tt debate is? >> tha debate is, ones that whether you can go create an islamic state through the current political democratic way, or that democracy is the enemy of islam, it's not an islamic way so you have to topple it through, you know, an undemocratic way. i think there is a dete on that. and then the second underlying debate is if we are in power, should we still be democracy. so more directly into what they callslamic wing....
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there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that the elements of a beale are here. you know, the problem from my perspective is, this is the easy stuff because it doesn't deal with tax,because it doesn't deal with entitlement. the question is, it doesn't even solve the deficit problem but it's been such a problem just to get the easy-- the question is that the rating agencies, the credit rating agencies and others, can can can they do the harder stuff right down the road? that, i think, is the real difficulty. >> one thing that hasn't been addressed, jim, and republica
there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that...
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a penalty if nothing is done by the end of 2012 the old reagan tax rates for the wealthy go back into effect. john, there's possibly a big deal for this reason. there is weeping and gnashing of teeth in the democratic caucus, in the senate, and in the house over what obama is dealing with boehner. >> boehner's got his problems, too. >> well, boehner -- i think cantor is in on this deal, it appears. of co
has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it...
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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the big impact when he first arrived home was his personality change. 18 years later, after four attempts of committed suicide, because he could not bear it anymore. >> on christmas island -- >> mod says it is grateful for their help during the nuclear tests. there is help for those who can prove a link. >> ultimately, the children and grandchildren will get justice from the supreme court. that is all we are looking for is justice. >> britain's nuclear veterans are dying at the rate of nearly three every month, but those who remain are determined to continue this battle. bbc news. >> in just one year from now, the world will be watching as the london olympics officially gets underway. it is a chance for countries to strut their stuff in front of the world, and the summer games of 2012 will be no exception. our bbc reporter has gone to see the massive transformation. >> and so, it began. one of the most ambitious and complicated construction projects this country has ever seen. for anyone who has traveled past this site in the last few years, the main sign of progress has been this, the ol
the big impact when he first arrived home was his personality change. 18 years later, after four attempts of committed suicide, because he could not bear it anymore. >> on christmas island -- >> mod says it is grateful for their help during the nuclear tests. there is help for those who can prove a link. >> ultimately, the children and grandchildren will get justice from the supreme court. that is all we are looking for is justice. >> britain's nuclear veterans are dying...
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that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going to be a big effect because of the deal that fell apart on friday night. yet we didn't see that much of an effect, why is that? >> well, i think there, a lot of people are second-guessing how financial investors and financial markets are going to react. and they've been wrong and wrong again. most of the markets are a little jittery, a little nervous but they're not panicked yet. i think the heat will get turned up as it were, as we head closer to august 2nd. but right now i would say markets are nervous but not panicked. >> ifill: nervous but not panicked. let's talk about the state because a lot of
that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going...
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murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicians that he shall not press ahead and then to do is they insisted, well, it is a setback as embarrassing as any in his decades as the pinnacle of the british media industry. bbc news. >> while the pressure continues to build in britain, as you have seen here in the united states, there are growing calls for investigations into the activities of news corporation. joining me is our washington correspondent. thank you for coming in. who is calling for this investigation, and
murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of...